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CITY OF REDWOOD CITY, CALIFORNIA
<br />INTERNAL SERVICE FUNDS
<br />COMBINING STATEMENT OF REVENUES,
<br /> EXPENSES, AND CHANGES IN FUND NET POSITION
<br />FOR THE FISCAL YEAR ENDED JUNE 30, 2017
<br />Equipment Self Internal Employee
<br />Services Insurance Services Benefits
<br />Fund Fund Fund Fund Total
<br />$$$$$
<br />OPERATING REVENUES
<br /> Charges for services 4,730,140 9,117,074 10,295,106 8,758,450 32,900,770
<br />OPERATING EXPENSES
<br /> Employee services 1,026,723 468,172 8,485,517 4,093,340 14,073,752
<br /> Maintenance 47,413 16,113 881,325 944,851
<br /> Utilities 19,312 2,696 10,073 32,081
<br /> Contractual services 20,766 1,230,415 55,691 3,078,733 4,385,605
<br /> Supplies and services 1,409,105 532,780 1,299,369 3,241,254
<br /> Depreciation 1,167,892 142,998 1,310,890
<br /> Insurance and claims 171,280 6,243,411 208,728 817,394 7,440,813
<br /> Total operating expenses 3,862,491 8,493,587 11,083,701 7,989,467 31,429,246
<br />Operating Income (Loss)867,649 623,487 (788,595) 768,983 1,471,524
<br />NONOPERATING REVENUES (EXPENSES)
<br /> Gain (loss) on disposal of capital assets (12,553)(5,734)(18,287)
<br /> Investment earnings 138,076 76,141 2,367 38,800 255,384
<br /> Insurance recovery 53,088 53,088
<br /> Net Nonoperating Revenues (Expenses)178,611 76,141 (3,367) 38,800 290,185
<br />Net Income (Loss) Before Capital Contributions
<br /> and Transfers 1,046,260 699,628 (791,962) 807,783 1,761,709
<br />Capital contributions 172,178 172,178
<br />Transfers in 1,000,000 1,000,000
<br />Transfers (out)(8,565)(8,565)
<br /> Total Capital Contributions and Transfers 1,000,000 163,613 1,163,613
<br />Change in net position 1,046,260 1,699,628 (628,349) 807,783 2,925,322
<br />Net position ‐ beginning 20,783,506 (771,166) (11,574,741) 797,191 9,234,790
<br />Net position ‐ ending 21,829,766 928,462 (12,203,090) 1,604,974 12,160,112
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<br />6.1.E. - Page 144
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